and matt mccall, founder and president of his financial group.or being here today. stock set an all-time high today yet we walk around this building and it does not feel like it. i remember doing a money show in 2000. some of you guys were probably here. it was maybe 20 times larger, three-story boost it was euphoric. none of that today. but there's something to be said about that because we have come a long way with the stock market. and you want to improve your lives, you want to make more money, you want to control your own destiny. but what is the problem and why is this happening? i think it's a combination of factors and a lot of people are skeptical of the markets and i think a lot of people are skeptical about where america is going and many are more or less throwing in the towel and that is not how we became the greatest country in the world. so what you think it is remap we are at an all-time high and yet it's not palpable. >> i have been here a couple of days and everybody is concerned about the economy. we can talk about this and the

and matt mccall, founder and president of his financial group.much, for being here today. stock set an all-time high today, yet we walk around this building and it does not feel like it. i remember doing a money show in 2000. some of you guys were probably here. it was maybe 20 times larger, three-story boost, it was euphoric. none of that today. but there's something to be said about that because we have come a long way with the stock market. and you want to improve your lives, you want to make more money, you want to control your own destiny. but what is the problem and why is this happening? i think it's a combination of factors and a lot of people are skeptical of the markets and i think a lot of people are skeptical about where america is going and many are more or less throwing in the towel and that is not how we became the greatest country in the world. so what you think it is remap we are at an all-time high and yet it's not palpable. >> i have been here a couple of days and everybody is concerned about the economy. we can talk about this

matt mccall founder and president of penn financial. the consumer credit number a hundred $89 billion but people need to understand it was $1 trillion back in 2008 so another thing we see is companies cannot beats the topline. but i have several theories including el like regulatory why is but it is the psyche of the consumer. >> it is not definitive obviously which way will it go? energy is a major factor with the dynamics that are going on in the middle east a.m. the royal family last week the saudis continue. charles: but the thing that influences people around new york city? >> yes but not for that reason they don't know why but if you go to the doctor to do what was wrong you would not go to the dr. [laughter] but you go there is something wrong. they get it. they don't understand all the dynamics. charles: having said that the federal reserve has printed money why hasn't it gotten to me in st.? so we could have good old fashioned inflation? connect o% fed funds rate since december 2008 and add $4 trillion of bonds never mind from

hillary and angie and steve cortez and matt mccall is year from 10 financial group and the special face tonight host of the brand-new show the intelligence report. i have done interviews over the last couple weeks you have been voicing a concern that was illustrated today of the gdp report. >> another quarter like this means recession hopefully we will not see that but we're not doing so great. of this economy is stuck in a bad spot. think historically where we have ben as a country agrarian and manufacturing we have moved into a services sector. a lot of those are disappearing. what will really helped to. this economy? >> it was helped by investor revolutions. i feel we are in the third revolution. but the use since there is something wrong policy why is or is there a new paradigm or reality? >> we are not in very good shape to lower individual taxes to repatriate the of many overseas. it is pretty easy. but to think about fundamentally what is going on for anybody to think this is temporary, i wish it was. we are in a real shift right now moving towards technology that means you need

scotti, hillary, and matt mccall. first real-real deal, bishop jake, these were your polls. what was your goal, when does it tell but where we're going as a nation. >> moving toward mega-fest, we wanted to do it with intention, a family-friendly event we wanted to take a sense of where people were today not so much where the economy is but how we persevere the economy there were shocking despair peas between races and regions. >> how do you juxtapose those result with so many blacks saying things are pretty good, then the aftermath of ferguson, plight people saying things are worse or worse. >> a different question, they did not say things were better they said they saw the economy rebounding. it is different, and what region of the country you live in how you perceive the economy. so our perception is based on the region. >>> whi wilbur ross you made a t of money by going into businesses that people said could never be revised. it is possible to take the seym template, and apply it to people? >> i think it is. i think it really not that hard. sick companies develop a loser

director of tpn news, spectacular earrings, and jim awad with a fantastic tan. [ laughter ] >> and matt mccall, founder and president of penn financial group. first "real, real deal." jim, straight to you, did all of the talk from the fed give insight into the next move? >> first of all, she should not be speaking about equity valuations, that is not her -- that is not what we pay her to do. >> why is she? >> she is impressed with her position. the same thing alan greenspan did in the mid 0s. but all of the news today was generally speaking towards higher inflation, oil prices going up, which is higher, headline inflation, unit labor costs going up and yet slower growth. the combination of higher inflation and slower growth is not positive for the financial markets, not positive for the economy, and but i think on balance, it probably slightly increases -- >> what about the next move? >> i think a little bit more hawkish because of the inflation numbers and her feeling that if the equity valuations are high, she doesn't want that to become a bubble, and the way you deflate that is pulling it f

knows him, president of new haul capital, hillary with us, president chief investment and call us matt mccall. let's do it, guys. let's gig dig into the first real, real deal. now,ton seems like every other day another company comes out with another billion dollar evaluation in the private markets. mark cuban maybe sent up the first yellow flag or flare if you will. how worried should people be? >> i don't think so i think we should learn about what happened in 2009 and the ecosystem was not ready at that time to adopt technology. now we have four of to five screens this every household, tvs, tablets, iphones and smart, you know, smartphones. you have watches. and that means there's a massive appetite in the ecosystem to actually no, your honor technology. >> yeah. i get your point because i remember when we first put in fiberoptics in our office and, you know, we were doing some things on the web. average people couldn't get it on their tv, on their computers, we were definitely years early. what about the some of these secrets? how do- jim and i were talking about this. explain to the audie

morganlander, of course, hillary kramer, president and chief investment officer at ang capital, and matt mccallunder and president of penn capital, said he had a real good day, and steve cortez, trader and senior strategist at bgc partners. he joins us from chicago. let's dig into the first real real deal. you know, steve, i'd just assumed that more companies were going to jump on this bandwagon, but at what price ultimately to their bottom lines? >> right. well, charles, i think, you know, there is a balance here because there might be a pr benefit. for instance, we're talking about some of these companies. so in terms of earned media, they get some attention by this. as long as they don't spend a lot of money. and rex tillerson, how refreshing to hear him talk that way. a lot of folks who are obsessed with alternative energy livean e the alternative energy, by the way, is the same old energy it always was which is fossil fuels, and thank goodness we have an energy revolution going on in north america, and we don't have to worry very much about energy prices going forward. again, i think that